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5 of Africa’s Largest Banks Sign Up to Use the Pan-African Payment and Settlement System (PAPSS)
Ecobank Group and four other major African banks have signed an MoU to use the Pan-African Payment and Settlement System (PAPSS) for cross-border transactions, enhancing financial integration in Africa. The service aims for a January 2024 launch.
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CALL FOR APPLICATIONS | Early-Stage VC, Antler, Expands Operations to Nigeria, Announces Inaugural Nigerian Cohort
Antler, a global early-stage VC firm that launched in Kenya in 2019, has expanded its operations to Nigeria.
Founded in 2017 in Singapore, Antler has established a presence in major entrepreneurial hubs worldwide. The firm has invested in over 400 companies and focuses on identifying and
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TOKENIZATION | Nairobi Securities Exchange (NSE) to Launch Regulated Digital Assets Exchange and Tokenization Platform in Kenya
Kenya is set to become a continental leader in digital asset trading with the launch of the Kenya Digital Exchange (KDX), a fully regulated tokenization platform developed through a strategic partnership between:
DeFi Technologies
SovFi Inc.
Valour Inc., and
The Nairobi Securities Exchange
TOKEN1.91%
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Unstoppable Domains Launches .Polygon Web3 Domains in Partnership with Polygon Layer 2
Unstoppable Domains has teamed up with Polygon Labs to launch .polygon Web3 domains, allowing users to create custom digital identities for seamless access to dApps, crypto transactions, and decentralized websites. A 25% discount is available for early adopters.
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LIST | Kenya’s AntuGrow Emerges Top in the Just Concluded NEAR Horizon Accelerator Cohort 2
AntuGrow, a Nairobi-based startup, excelled in the Near Horizon Accelerator, utilizing blockchain for farmer financing by creating credit scores from harvest records and satellite data. The company aims to connect farmers globally to affordable capital, having achieved significant milestones in just eight weeks.
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IN PICTURES | Gluwa Visits Vice President of Sierra Leone, Proposes Financial Improvement on Mobile Money Via Digital Currencies
Gluwa's CEO, Tae Oh, met Sierra Leone's Vice President to discuss collaboration for enabling citizens to engage in the global digital economy through advanced mobile money systems. Gluwa aims to enhance financial inclusion in Africa by integrating its technology with local CBDCs.
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WATCH | M-PESA Disburses Over $55 Million in Daily Credit with Non-Performing Rate of Less Than 2%, Says CEO
M-PESA offers $55 million in daily credit with a low non-performing loan rate, focusing on customer financial health through purpose-driven debt. It has evolved from addressing money transfer issues to supporting corporate financial solutions and fostering partnerships for future growth.
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STABLECOINS | South African Tokenized Assets Exchange, Mesh.Trade, Introduces yZAR, the First Yield-Bearing Rand Stablecoin
In a conversation with a local South African outlet, Connie Bloem, the Managing Director of Mesh.Trade, a South African tokenized assets exchange, explained what advisers need to understand about integrating stablecoins into portfolios.
Stablecoins now make up 43% of all cryptocurrency
DEFI‎-0.41%
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MetaMask Adds NFT Support in Latest Update to its Browser Extension
MetaMask's latest update introduces NFT compatibility in its browser extension, featuring a dedicated NFT tab, simplified ERC-721 transfers, and automatic token detection, enhancing user experience and security for NFT management.
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